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Equity Actions

DHR

Danaher Corp has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:26 pm

OZK

OZKAP

Bank OZK announced an increase in its quarterly common stock dividend from $0.38 to $0.39 per share, marking the 55th consecutive quarter of dividend growth. Additionally, a dividend for its Series A Preferred Stock was declared at $0.28906 per share. Bank OZK's consistent dividend growth has secured its place in the S&P High Yield Dividend Aristocrats index since January 2018.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:20 pm

PVH

PVH Corp. has announced a $2 billion increase to its stock repurchase program, with the Board of Directors approving this expansion and extending the program through July 2028. This move is part of the PVH+ Plan aimed at returning excess cash to shareholders. In 2023, PVH repurchased 5.7 million shares for $550 million, including 2.5 million shares for $282 million in Q4 alone.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:17 pm

GRTS

Gritstone Bio's stock price is trading lower following the announcement of a proposed public offering. This move indicates the company's intention to raise capital, which often leads to dilution of existing shares.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:16 pm

OPGN

David E. Lazar has reported a 19.9% stake in OpGen (OPGN) as of March 25, 2024, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:12 pm

GRTS

Gritstone bio has announced a proposed public offering. This move is likely aimed at raising capital, which could be used for various purposes such as research and development, expanding operations, or improving the company's financial health. The announcement of a public offering often leads to speculation about a company's future prospects and financial stability.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:10 pm

WTFC

In the last three months, 10 analysts have provided diverse ratings for Wintrust Finl (NASDAQ:WTFC), ranging from bullish to bearish. The average 12-month price target has been raised to $114.5, up 7.9% from the previous $106.12. Analysts have adjusted their ratings and price targets based on market dynamics and company performance, with actions including 'Maintain', 'Raise', and 'Lower'. Wintrust Financial Corp, operating in the Chicago area and southern Wisconsin, has shown impressive financial performance with a revenue growth rate of 3.19%, a net margin of 20.41%, and an ROE of 2.43%. However, its debt-to-equity ratio of 0.73 indicates a higher level of debt.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 8:00 pm

SNOW

Significant bearish options activity has been detected in Snowflake (NYSE:SNOW) by Benzinga's options scanner, indicating that large investors may anticipate a downturn. The activity includes 30 unusual options trades with a sentiment split of 36% bullish and 63% bearish. Notably, the trades consist of 6 puts and 24 calls, targeting a price range of $115.0 to $340.0 for Snowflake. This unusual activity suggests that these investors have specific expectations for Snowflake's stock price movement.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:31 pm

UBER

Options market activity for Uber Technologies (NYSE:UBER) shows a bearish sentiment with 61% of investors holding bearish expectations. Notable trades include a mix of bullish, neutral, and bearish calls with strike prices ranging from $75.00 to $120.00. Uber's current market position is slightly down by -0.96% at $76.25, with analysts maintaining positive ratings, projecting a consensus target price of $91.5. The options market predicts a price range of $25.0 to $120.0 for Uber in the next three months.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:15 pm

SNAP

There was a significant option trading activity for Snap Inc. (SNAP), involving a sweep of 4,378 May 17 $15 call options at $0.411 each, compared to an open interest of 170,332. This activity occurred with SNAP's stock price at $11.275, ahead of their earnings announcement estimated for April 25 after the market closes.

Portfolio Pulse from Charles Gross

April 01, 2024 | 7:01 pm